Emerging Payments Association Asia

𝐇𝐨𝐰 𝐜𝐚𝐧 𝐈𝐧𝐝𝐨𝐧𝐞𝐬𝐢𝐚’𝐬 𝐛𝐨𝐨𝐦𝐢𝐧𝐠 𝐟𝐢𝐧𝐭𝐞𝐜𝐡 𝐞𝐜𝐨𝐬𝐲𝐬𝐭𝐞𝐦 𝐬𝐡𝐚𝐩𝐞 𝐭𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐢𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡𝐞𝐚𝐬𝐭 𝐀𝐬𝐢𝐚? With Indonesia projected to achieve the largest Gross Merchandise Value (GMV) in Southeast Asia, combined with its vibrant youth population and dynamic startup ecosystem, the nation is at the forefront of fintech innovation and expanding access to financial products. At the 6th Indonesia Fintech Summit & Expo (IFSE) 2024, EPAA’s Chief Expansion and Innovation Officer, Monica Jasuja, engaged with partners and stakeholders to explore these transformative developments. 𝐊𝐞𝐲 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐞𝐯𝐞𝐧𝐭:  - 𝐂𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐢𝐬 𝐊𝐞𝐲: Synergy between fintechs and traditional financial institutions is essential for creating a more efficient, inclusive, and sustainable financial system.  - 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐋𝐢𝐭𝐞𝐫𝐚𝐜𝐲 𝐌𝐚𝐭𝐭𝐞𝐫𝐬: Strengthening financial literacy and protecting personal data remain critical priorities for the industry.  - 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐒𝐮𝐩𝐩𝐨𝐫𝐭: The Financial Services Authority (OJK) plays a pivotal role in setting policies and managing risks to ensure a safe digital financial landscape.  - 𝐏𝐮𝐛𝐥𝐢𝐜 𝐀𝐰𝐚𝐫𝐞𝐧𝐞𝐬𝐬: Events like IFSE are vital for promoting the benefits of fintech services and encouraging responsible financial management. Congratulations to Otoritas Jasa Keuangan (OJK), Asosiasi FinTech Indonesia (AFTECH), Asosiasi Fintech Syariah Indonesia (AFSI) and (AFPI) Asosiasi FinTech Pendanaan Bersama Indonesia for delivering an outstanding 6th Indonesia Fintech Summit & Expo (IFSE) 2024. Your efforts in bringing together regulators, industry leaders, and innovators have created a valuable platform for advancing Indonesia's fintech ecosystem and driving financial inclusion. We at EPAA look forward to more opportunities to engage and collaborate together in 2025! Camilla Bullock Linda Stanojevic Sally Sternecker Monica Jasuja Danelle Denny Niamh Laing Sarah Chan #epaa #payments #epaainsights #IFSE2024 #FinTechInnovation #Collaboration #IndonesiaFintech #epaainsights

What’s driving the next wave of payment innovations in retail, B2B, and remittances?    Emerging Payments Association Asia is joining India FinTech Forum's IFTA 2024 on 12th December in #Mumbai, where industry leaders will explore how payment innovations are transforming the way we transact—boosting efficiency, enhancing user experiences, and promoting financial inclusion. Our Chief Expansion and Innovation Officer, Monica Jasuja, will moderate a thought-provoking panel discussion on "𝐓𝐡𝐞 𝐍𝐞𝐱𝐭 𝐖𝐚𝐯𝐞 𝐨𝐟 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧𝐬 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐢𝐧𝐠 𝐑𝐞𝐭𝐚𝐢𝐥, 𝐁2𝐁 𝐓𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧𝐬, 𝐚𝐧𝐝 𝐑𝐞𝐦𝐢𝐭𝐭𝐚𝐧𝐜𝐞𝐬." Key themes include:  - Cutting-edge technologies shaping the future of payments.  - Strategies to bridge gaps in cross-border transactions.  - Innovations driving financial inclusion across APAC and beyond. If you are joining the IFTA, let us know in the comments or send a message direct to Monica Jasuja to chat-up during the event! Register now to secure your spot: https://lnkd.in/dV-F-2TS   Camilla Bullock Linda Stanojevic Sally Sternecker Monica Jasuja Danelle Denny Niamh Laing Sarah Chan Gurjodhpal Singh Tide Ajay Rajan YES BANK Arif Khan Razorpay Dewang Neralla HiWiPay Sudhir Sehgal   #IndiaFinTechAwards2024 #IFTA2024 #PaymentInnovation #IndiaFinTechAwards  #epaa #payments #epaainsights 

𝐇𝐨𝐰 𝐜𝐚𝐧 𝐟𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤𝐬 𝐝𝐞𝐬𝐢𝐠𝐧𝐞𝐝 𝐭𝐨 𝐞𝐧𝐬𝐮𝐫𝐞 𝐭𝐫𝐮𝐬𝐭 𝐚𝐧𝐝 𝐬𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐥𝐬𝐨 𝐢𝐧𝐬𝐩𝐢𝐫𝐞 𝐜𝐫𝐞𝐚𝐭𝐢𝐯𝐢𝐭𝐲 𝐚𝐧𝐝 𝐠𝐫𝐨𝐰𝐭𝐡? Meet-Her She Knows Payments Executive Breakfast, hosted by Emerging Payments Association Asia in collaboration with HSBC, explored the challenges and opportunities in fintech regulation. Led by Maha El Dimachki of the Bank for International Settlements – BIS Innovation Hub and author of Fintech Regulation in Practice, the session provided insights for embedding regulation across the fintech ecosystem, from startups to global institutions. Key themes included the human element of regulation, the adaptability of principle-based frameworks, and the tension between rising compliance costs and encouraging innovation. Participants explored how innovation can flourish without compromising compliance within traditional systems. Highlights:  1. 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐓𝐡𝐫𝐨𝐮𝐠𝐡 𝐭𝐡𝐞 𝐅𝐢𝐧𝐭𝐞𝐜𝐡 𝐋𝐢𝐟𝐞𝐜𝐲𝐜𝐥𝐞: “It should be easy to get a license, but harder to keep it.”  2. 𝐁𝐫𝐢𝐝𝐠𝐢𝐧𝐠 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐋𝐞𝐠𝐚𝐜𝐲 𝐒𝐲𝐬𝐭𝐞𝐦𝐬: Can fintech thrive while aligning with older infrastructures?  3. 𝐂𝐫𝐨𝐬𝐬-𝐁𝐨𝐫𝐝𝐞𝐫 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬: Initiatives like #ProjectNexus aim to connect global payment systems and advance inclusion.  4. 𝐁𝐚𝐥𝐚𝐧𝐜𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧: How can the industry lower costs while effectively managing risk?  5. 𝐒𝐜𝐚𝐥𝐚𝐛𝐥𝐞 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧: Flexible, outcome-focused approaches enable smarter scaling for fintechs. The session ended with a call for collaboration among fintechs, regulators, banks, and investors to create an inclusive, forward-thinking payments ecosystem. Special thanks to HSBC, Leonie Wu and Maha El Dimachki for their leadership in shaping this vital conversation. Camilla Bullock Linda Stanojevic Sally Sternecker Monica Jasuja Danelle Denny Niamh LaingSarah Chan Navaid Khatib Nicholas Soo Sarah Sammy Alan Watters Caroline Tran Denise Decena Elizabeth Fitzell Emily Roberts Holly Dorber Jacqui McPherson John Koukos Kara Hamilton Kylie Stewart Manish Desai Patrick Chung Prav B. Sarah Wood Shirley Buckingham Victoria Liaroutsos Vindya Galle Pathiranage Wendy Di Blasio #epaa #meether #sheknowspayments #fintechregulation

"𝐀𝐧𝐲𝐰𝐡𝐞𝐫𝐞 𝐛𝐞𝐭𝐰𝐞𝐞𝐧 $50 𝐚𝐧𝐝 $60 𝐭𝐫𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐁2𝐁 𝐜𝐫𝐨𝐬𝐬-𝐛𝐨𝐫𝐝𝐞𝐫 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐡𝐚𝐩𝐩𝐞𝐧 𝐭𝐨𝐝𝐚𝐲, 𝐚𝐧𝐝 𝐭𝐡𝐚𝐭'𝐬 𝐥𝐢𝐤𝐞𝐥𝐲 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐛𝐲 50% 𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐧𝐞𝐱𝐭 4–5 𝐲𝐞𝐚𝐫𝐬”    The global economy relies heavily on seamless cross-border payments, yet the systems facilitating these transactions remain outdated and fraught with inefficiencies. In a discussion during the APAC Fintech Payments Forum, industry leaders explored the critical challenges and transformative potential of API harmonisation for cross-border payments.    Three critical questions emerged:  - 𝐂𝐞𝐧𝐭𝐫𝐚𝐥𝐢𝐬𝐞𝐝 𝐆𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞: Should a centralised body oversee API harmonisation efforts? If so, who should lead and fund such an initiative?  - 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬: Could harmonisation inadvertently disadvantage large incumbents by reducing profit margins, or will it foster broader industry collaboration?  - 𝐋𝐞𝐯𝐞𝐥 𝐏𝐥𝐚𝐲𝐢𝐧𝐠 𝐅𝐢𝐞𝐥𝐝: How can the process ensure fintechs and smaller players remain competitive and continue to innovate?    “𝐖𝐞 𝐡𝐚𝐯𝐞 𝐦𝐨𝐫𝐞 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐭𝐡𝐚𝐧 𝐚𝐧𝐬𝐰𝐞𝐫𝐬, 𝐛𝐮𝐭 𝐭𝐡𝐞𝐬𝐞 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐠𝐮𝐢𝐝𝐞 𝐮𝐬 𝐭𝐨 𝐭𝐡𝐞 𝐧𝐞𝐱𝐭 𝐬𝐭𝐞𝐩𝐬”, commented May Lam 林希文, EPAA’s representative at the CPMI API Panel of Experts (APEX).   The session concluded with a call for collaboration among fintechs, banks, regulators, and standard-setting bodies. While challenges remain, participants expressed optimism about the potential of API harmonisation to reduce costs, improve speed, and cultivate inclusion in global payments.    “𝐓𝐡𝐞 𝐆20 𝐠𝐨𝐚𝐥𝐬—𝐜𝐨𝐬𝐭, 𝐬𝐩𝐞𝐞𝐝, 𝐚𝐜𝐜𝐞𝐬𝐬, 𝐚𝐧𝐝 𝐭𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲—𝐚𝐫𝐞 𝐰𝐢𝐭𝐡𝐢𝐧 𝐫𝐞𝐚𝐜𝐡, 𝐛𝐮𝐭 𝐰𝐞 𝐦𝐮𝐬𝐭 𝐭𝐚𝐤𝐞 𝐭𝐡𝐞 𝐟𝐢𝐫𝐬𝐭 𝐬𝐭𝐞𝐩𝐬 𝐭𝐨𝐠𝐞𝐭𝐡𝐞𝐫”     The forum marked an early yet promising stage in a collective journey to revolutionise cross-border payments, ensuring the global financial ecosystem is more connected and equitable.  Camilla Bullock Linda Stanojevic Sally Sternecker Danelle Denny Niamh Laing Sarah Chan Monica Jasuja Stephen Lindsay Nilesh Dusane Nigel Lee Payments NZ Fintechalliance.Ph Fintech Association of Japan FinTech Alliance Nepal vietnam fintech club FinTech Association of Malaysia Thai Fintech Association Singapore FinTech Association (SFA) Taiwan FinTech Association Asosiasi FinTech Indonesia FinTech Australia FinTech Association of Hong Kong India FinTech Forum Fintech Convergence Council FinTechNZ GFTN Japan #epaa #payments #epaainsights #APACFintechPaymentsForum #APIHarmonisation #paymentsleaders

𝐖𝐡𝐚𝐭 𝐝𝐨𝐞𝐬 𝐚 “𝐠𝐨𝐨𝐝 𝐩𝐚𝐲𝐦𝐞𝐧𝐭” 𝐥𝐨𝐨𝐤 𝐥𝐢𝐤𝐞 𝐢𝐧 𝐭𝐨𝐝𝐚𝐲’𝐬 𝐫𝐞𝐭𝐚𝐢𝐥 𝐞𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭?    A good payment balances convenience, security, and incentives for consumers; reduces costs and ensures operational efficiency for merchants; promotes trust, interoperability, and innovation for processors; and aligns with policymakers’ goals of inclusivity, consumer protection, and systemic risk management.     EPAA is releasing an Executive Summary report “𝐇𝐨𝐰 𝐝𝐨 𝐰𝐞 𝐝𝐫𝐢𝐯𝐞 𝐮𝐩𝐭𝐚𝐤𝐞 𝐨𝐟 𝐢𝐧𝐬𝐭𝐚𝐧𝐭 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐟𝐨𝐫 𝐫𝐞𝐭𝐚𝐢𝐥?” as part of a roundtable held in Sydney in collaboration with Amazon and hosted by Grant Thornton Australia.    The report examines challenges like cross-border inefficiencies, fraud risks in real-time payments, and consumer education gaps, while highlighting opportunities to enhance scalability, trust, and collaboration across the ecosystem.    The discussion moderated by Jennifer Harrison, with speakers Tanvir Munawar, Adrian Lovney, Caroline Tran, Dhun Karai and Ethan T. and payments industry leaders explores what defines a seamless, secure, and efficient payment experience for consumers, merchants, processors, and policymakers.    Read the report here --> https://lnkd.in/gMybm9ki     Camilla Bullock Linda Stanojevic Sally Sternecker Danelle DennyNiamh Laing Sarah Chan Jennifer Harrison Tanvir Munawar Adrian Lovney Caroline Tran Dhun Karai Ethan T. James Foster Keith G. Thom Kees Kwakernaak Kristofer Rogers Mathew Lech Monica Muski Angelis Nathan Churchward Nish Dharmaratne Robbie MacDiarmid Shatha Sukkar Silke Smeesters Taleen Shamlian GAICD Ben Jordan Vibhu Arya Holly Dorber #epaa #payments #epaainsgiths #PaymentsInnovation #RealTimePayments

🌟 𝐁𝐫𝐞𝐚𝐤𝐟𝐚𝐬𝐭 𝐰𝐢𝐭𝐡 𝐓𝐫𝐚𝐢𝐥𝐛𝐥𝐚𝐳𝐞𝐫𝐬: 𝐌𝐞𝐞𝐭-𝐇𝐞𝐫 𝐒𝐡𝐞 𝐊𝐧𝐨𝐰𝐬 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 🌟     Since its inception, the Meet-Her She Knows Payments (MHSK) program has brought together almost 300 current and future female payments thought leaders in intimate settings to share expertise and insights on the most pressing issues in payments. This initiative is more than a collaboration - it’s a movement.     This week’s Executive Breakfast will feature Maha El Dimachki, Head of Singapore Bank for International Settlements – BIS Innovation Hub, and Leonie Wu, Head of Emerging Payments Products at HSBC. Together, they will join some of Australia’s leading female payments professionals to explore “𝐓𝐡𝐞 𝐈𝐧𝐭𝐞𝐫𝐬𝐞𝐜𝐭𝐢𝐨𝐧 𝐨𝐟 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧.”     With the recent passing of 30 new bills in Australia transforming the financial services landscape, this discussion will explore:  - How regulation can set guardrails while unlocking innovation.  - The impact of reforms on licensing, governance, and access to financial services.  - Opportunities created by initiatives like Maha’s Project Nexus in cross- border payments.     Let’s continue driving innovation, fostering collaboration, and empowering the voices shaping the payments industry. 🚀    A huge thank you to HSBC for empowering this session and for your steadfast support of the Meet-Her She Knows Payments (MHSK) program. Your commitment to amplifying female thought leadership is shaping the future of the payments industry. Camilla Bullock Linda Stanojevic Sally Sternecker Monica Jasuja Danelle Denny Niamh Laing Sarah Chan Navaid Khatib Nicholas Soo Sarah Sammy   #epaa #payments #epaainsights #SheKnowsPayments #MeetHer #WomenInPayments #InnovationAndRegulation #HSBC #Leadership

Has your organisation started the process of creating a post quantum roadmap? Do you know what your organisation’s use cases are?    PQC algorithms have been shown to be more efficient than classical algorithms.  Choosing the right algorithms and right implementation is critical in achieving the best performance trade-offs for the specific application domains (for example, key/signature size vs security).  It’s important for organizations to engage and align on a post quantum roadmap and prepare for implementation solutions with business partners, vendor suppliers, regulators, or relevant standards bodies and possibly government that meet the needs of the organization's use cases and business priorities. The Emerging Payments Association Asia’s Quantum Safe Computing Working Group (QSC-WG) is tackling the biggest myths around Quantum Safe Computing and its impact on payments—follow us for ongoing myth-busting insights!    Powered by a group of quantum experts from EPAA members, including IBM, Australian Payments Plus, HSBC, PayPal, Commonwealth Bank, IDEMIA, A24, JPMorganChase, and DataMesh Group, we’re leading the charge in shaping the future of QSC within the payments ecosystem.  Interested in being part of this cutting-edge initiative? Connect with Danelle Denny, to explore how your organisation can get involved in driving this global effort. Camilla Bullock Linda Stanojevic Sally Sternecker Monica Jasuja Niamh Laing Sarah Chan Mary Ann Francis 🌟 Ray Harishankar May Lam 林希文 Philip Intallura Ph.D Phoram Mehta John Buselli Lory Piccirilli Thorpe Sridhar (Sri) Narayanan Will Collison CISSP Alejandro Rodríguez-Pardo Montblanch Katherine Brown Bing Zhu Shilpa Shetty Jesse Arundell Amaanie HAKIM Vikas Phogat James Hutton Shane T. Markus Hasibuan Sebastien R. Reggie Kartha Daniela F. Albert Huang Aaron French Tim Johnson   #epaa #epaainsights #quantumsafe #payments #innovation  #epaamythbusters #thoughtleadership

𝐀𝐬 𝐰𝐞 𝐥𝐨𝐨𝐤 𝐚𝐡𝐞𝐚𝐝 𝐭𝐨 2025, 𝐰𝐡𝐚𝐭 𝐢𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐝 𝐜𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐰𝐢𝐥𝐥 𝐬𝐡𝐚𝐩𝐞 𝐭𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬? 𝐇𝐨𝐰 𝐜𝐚𝐧 𝐰𝐞 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞 𝐛𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐭𝐫𝐮𝐬𝐭, 𝐫𝐞𝐬𝐢𝐥𝐢𝐞𝐧𝐜𝐞, 𝐚𝐧𝐝 𝐭𝐚𝐢𝐥𝐨𝐫𝐞𝐝 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐭𝐨 𝐦𝐞𝐞𝐭 𝐭𝐡𝐞 𝐞𝐯𝐨𝐥𝐯𝐢𝐧𝐠 𝐧𝐞𝐞𝐝𝐬 𝐨𝐟 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬? These questions guided much of our discussion yesterday during the EPAA @Home Sydney event. It was a fantastic way to cap off an incredible year as we engaged with our valued members, exchanged ideas, and explored the exciting opportunities that lie ahead.    A standout moment was the fireside chat moderated by Camilla Bullock, featuring Kees Kwakernaak and Tony Nash, who explored the topic, “𝐇𝐨𝐰 𝐭𝐨 𝐢𝐧𝐧𝐨𝐯𝐚𝐭𝐞 𝐭𝐨 𝐬𝐮𝐩𝐩𝐨𝐫𝐭 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫𝐬 𝐰𝐡𝐞𝐧 𝐭𝐡𝐞𝐲 𝐜𝐨𝐦𝐞 𝐮𝐧𝐬𝐭𝐮𝐜𝐤?” Their discussion sparked meaningful insights into customer-centric innovation and the importance of resilience in overcoming challenges.    Attendees also gained valuable perspectives from two roundtables held earlier in the day:  “𝐑𝐞𝐬𝐢𝐥𝐢𝐞𝐧𝐜𝐞 𝐢𝐧 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬: 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐢𝐧𝐠 𝐄𝐱𝐩𝐞𝐜𝐭𝐚𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐝 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐑𝐞𝐚𝐥𝐢𝐭𝐢𝐞𝐬,” moderated by Tony Richards, with speakers Barry Parker, Evan Craig, John Hare, and May Lam 林希文. This discussion emphasized the growing importance of resilience in payment systems and the need for bold enhancements that go beyond incremental changes to meet evolving customer demands. “𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐧𝐠 𝐟𝐨𝐫 𝐓𝐫𝐮𝐬𝐭: 𝐂𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐯𝐞 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐏𝐫𝐨𝐭𝐞𝐜𝐭𝐢𝐨𝐧 𝐢𝐧 𝐑𝐞𝐚𝐥-𝐓𝐢𝐦𝐞 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬,” moderated by Matt Barr, with speakers Adrian Lovney, Ethan T., Nish Dharmaratne, and Trent J. Daniel. The conversation centered on the need for tailored solutions that balance trust, liability, and guarantees in real-time payments, particularly as the industry grapples with diverse merchant and consumer needs. Special thanks to EY for hosting us and everyone who joined and contributed to the thought-provoking discussions. At EPAA, we are proud to be part of a community that thrives on collaboration and innovation to drive the future of payments forward.    𝐋𝐞𝐭’𝐬 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞 𝐭𝐡𝐞 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐧𝐞𝐰 𝐲𝐞𝐚𝐫! Sally Sternecker Linda Stanojevic Mathew Lech Nathan Churchward Ian Alfred Barakat Elayyan Rebecca Tissington Paul Apolony Madeline Cunningham Patrick McComish Trent J. Daniel Schaan O'Hara Nick Sussman Ron V. James Quigley Sophie E. Alvin Mercado Dave Joyce Gulshan Singh Lance Blockley Victoria Richardson Tony Richards Leanne Bradley Tim Fletcher   #epaa #payments #epaainsights

"𝐓𝐡𝐞 𝐰𝐨𝐫𝐬𝐭 𝐭𝐡𝐢𝐧𝐠 𝐰𝐞 𝐜𝐚𝐧 𝐝𝐨 𝐢𝐬 𝐬𝐢𝐦𝐩𝐥𝐲 𝐫𝐞𝐮𝐬𝐞 𝐭𝐡𝐞 𝐫𝐮𝐥𝐞 𝐛𝐨𝐨𝐤𝐬 𝐜𝐫𝐞𝐚𝐭𝐞𝐝 𝐟𝐨𝐫 𝐜𝐚𝐫𝐝𝐬 𝐝𝐞𝐜𝐚𝐝𝐞𝐬 𝐚𝐠𝐨 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐨𝐟 𝐭𝐡𝐚𝐭 𝐭𝐢𝐦𝐞."     Payments industry leaders participated in a roundtable to discuss trust, liability, and redefining risk in today’s rapidly changing payments resilience environment.     The group agreed that the "real-time feeling" in transactions isn’t solely about finality or settlement - it’s also about the assurance for customers that funds are guaranteed. While standardisation is valuable, it was noted that solutions and implementations for merchants shouldn’t rely on one-size-fits-all products. Context must be considered, as diverse merchant needs require tailored approaches.     A low-hanging fruit for the industry to tackle is the standardisation of error codes used for failed real-time payments.     The discussion also emphasised the importance of ensuring that solutions are fit for purpose for the payer. Payers have varying levels of risk appetite and needs, requiring different assurances, guarantees, and options for reversibility based on the type of purchase, and the context of where, when, and why the transaction occurs.    Thank you, Amazon Web Services (AWS), for making this event possible, EY for graciously hosting us, and speakers and participants for making the discussions bold and interesting. Camilla Bullock Linda Stanojevic Sally Sternecker Monica Jasuja Danelle Denny Niamh Laing Sarah Chan Ethan Teas Adrian Lovney Trent J. Daniel Nish Dharmaratne Matt Barr Tim West Sally Etherington Ashley George Kevin Park Colin Baines Kees Kwakernaak Dylan Ryan Andrew Toon Martin Gray Nathan Churchward Lauren Wells Grant Johnstone Gary AndersonHolly Dorber #epaa #payments #epaainsights #realtimepayments

“𝑷𝒂𝒚𝒎𝒆𝒏𝒕𝒔 𝒂𝒓𝒆 𝒕𝒉𝒆𝒊𝒓 𝒃𝒆𝒔𝒕 𝒘𝒉𝒆𝒏 𝒕𝒉𝒆𝒚 𝒂𝒓𝒆 𝒊𝒏𝒗𝒊𝒔𝒊𝒃𝒍𝒆” This was one of the statements at the roundtable discussion held on Tuesday in Sydney. Resilience in payments is more important than ever as the industry navigates evolving expectations and operational challenges.     Payments experts of Sydney convened at a roundtable to discuss resilience in payments and how payment systems can adapt to shifting customer demands. The conversation explored the complexities of aligning technology and service delivery with customer needs in a dynamic environment.     Participants examined the growing influence of social media, the necessity for resilience in decision-making, and the trade-offs required to meet these demands. The discussion also highlighted the limitations of current technologies, in fully understanding the ripple effects of change, emphasising the need to move beyond incremental adjustments to bold enhancements across products and ecosystems.    Thank you EY for graciously hosting us, and speakers and participants for making the discussions bold and interesting.    Camilla Bullock Linda Stanojevic Sally Sternecker Monica Jasuja Danelle Denny Niamh Laing Sarah Chan John Hare Barry Parker Evan Craig Tony Richards May Lam 林希文 Melanie Spong Stephanie Bolt Michalis Kostikoglou Joanne Walker Anna Zhou James Grover Dave Joyce Lynne Cardwell Nuzen Luitel Ian Alfred Ben Scott Gerardo D. David Ojerholm Alex Dunkerley #epaa #payments #epaainsights #resilience